|Day's Range||106.21 - 106.55|
|52 Week Range||105.2630 - 114.7250|
Investing.com – The dollar remained steady ahead of Federal Reserve new head Jerome Powell’s news conference on Wednesday, from which investors expect a rate hike this month and will find cues whether there will be three or four rate hikes this year.
Investors will also be looking for clues from the central bank on its outlook for the U.S. economy and how many interest rate increases we may see to prevent the economy from overheating.
Investing.com – The dollar rose against a basket of major currencies amid expectations that the U.S. Federal Reserve will raise rates for the first time this year on Wednesday.
Investing.com - The dollar rebounded against a basket of the other major currencies on Tuesday, ahead of a Federal Reserve policy meeting where it was expected to announce the first rate hike of this year.
Investing.com - The euro slid to the day’s lows on Tuesday after data showing that German economic sentiment deteriorated sharply in March amid concerns over the prospect of a U.S. - led trade conflict.
Investing.com - The U.S. dollar moved higher against other major currencies on Tuesday, as investors awaited the Federal Reserve's monthly policy meeting due to begin later in the day.
Furthermore, the UK consumer price index may probably lead to a rise of the GBP, a nice boost along with other factors that have been presented above. It could be noted that the GBP/USD fundamental analysis aligns with the technical analysis.
The U.S Dollar has been weaker in forex as the Euro and Pound lost value. The Yen has been weaker versus the U.S Dollar.
A transition deal between the U.K and E.U took forex by surprise yesterday. Wall Street stumbled badly on Monday and the NASDAQ led losers.
The pair shot higher slamming the 1.2325 level during the Monday’s session, the area which has been a bit noisy and supportive in the past. Because of this, it will experience difficulty in crossing above and once it clears above then it should move higher reaching the 1.24 and 1.25 level eventually. The market has also some downside risk if the Fed sounds out to be more hawkish in respect to the rate hike in its next meet. …Read MoreGBP/USD
Investing.com - The dollar remained soft despite expectation of the first rate hike this year ahead of the meeting of the Federal Open Markets Committee (FOMC) on Tuesday and Wednesday. Investors expect a hawkish Federal Reserve to send the greenback up.
Japan is on bank holiday and the U.S. has no reports so we could see thin market conditions that are likely to add to current elevated volatility levels.
The US dollar was noisy against the Japanese yen on Monday, rallying towards the 106.50 level. This is an area that should continue to be important, so at this point, although it looks as if we are trying to form a base, I think the market is still working hard to determine where it goes next. With the Federal Reserve meetings this week, expect a lot of noise.
Yahoo Finance's Jared Blikre and Alexis Christoforous discuss the hotly anticipated announcement of monetary policy by the Federal Open Market Committee followed by a press conference featuring Federal Reserve Chairman Jerome Powell.